Friday, May 06, 2022 10:48:16 AM
As of December 31, 2021 there were 239 shareholders of record of the Company’s Common Stock based upon the records of the shareholders provided by the Company’s transfer agent. The Company’s transfer agent is VStock Transfer, 18 Lafayette Place Woodmere, NY 11598 - Phone: 212.828.8436
NOTE 4 – EQUITY
Common Stock
The Company has authorized 350,000,000 shares of $0.001 par value, common stock. As of December 31, 2021 and December 31, 2020, there were 237,830,249 shares of Common Stock issued and outstanding.
https://www.otcmarkets.com/filing/html?id=15633850&guid=PyqwkKDQe9iqdth
On August 19, 2021, Ms. Zhuang Qiao Luan (the “Purchaser”) purchased 10,000,000 shares (the “Shares”) of the Series A Preferred Stock (the “Series A”) of the Company from NYJJ (Hong Kong) Limited. The Purchaser purchased the Shares for cash consideration of $400,000. The Shares represent 100% of the issued and outstanding Series A. The Series A enjoys 90% of the voting power of all classes of stock issued and outstanding of the Company. There are no arrangements or understandings among members of both the former and new control groups and their associates with respect to election of directors or other matters.
On September 2, 2021, the stockholders of the Company, by executing a written consent of 90% of the Company’s total voting stock, approved of an amendment to the Company’s articles of incorporation (the “Amendment”), which contains a corporate name change of the Company to Great Tang Bid Technology, Inc. The officers of the Company filed the Amendment with the Nevada Secretary of State on September 10, 2021, and the Amendment is effective as of the date of acceptance by the Secretary of State of the State of Nevada. Although the Company filed the name change with the Nevada Secretary of State, and the State recognizes this name change, FINRA has not yet finished processing the application for the name change of the Company and therefore, neither the SEC, nor the OTC recognize the new name change.
The information contained in Item 5.02, Item 5.03 and Item 8.01 are incorporated herein by reference. The Company effected the change in Board composition, the Amendment, and the Reverse Stock Split (defined in Item 8.01 hereto) by means of a written consent of the stockholders of the Company. The written consent was executed by the Purchaser, who is the sole owner of the Series A, and which Series A enjoys 90% of the voting power of all classes of stock issued and outstanding of the Company. The Company did not solicit the consent of any other stockholders of the Company.
On August 31, 2021, the Board approved a reverse 1-for-1,000 split of the Company’s common stock (the “Reverse Split”). On September 2, 2021, the stockholders of the Company approved the Reverse Split by written consent of 90% of the voting power of all classes of stock issued and outstanding of the Company. Fractional shares that result from the Result Split will be rounded up to the nearest whole, and the record date for the Reverse Split is September 25, 2021. The Company anticipates that the Reverse Split will be effective approximately 15 days following completion of review by the Financial Industry Regulatory Authority (FINRA); however, is unable to perfect a date when FINRA will be done processing the application.
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